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Emerging currencies enjoy best week in 4 years as dollar drops

Bloomberg The US dollar’s bearish turn has opened the floodgates into emerging markets, helping currencies to get on board a rally so far driven by equities and bonds. The MSCI gauge for emerging-market exchange rates had the best weekly advance in more than four years and is flashing indicators of further gains. That’s helped to add at least $1 trillion ...

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Dubai shares climb the most after Opec extends output cuts

Bloomberg Dubai shares climbed the most in the Gulf on after Opec+ agreed to a one-month extension of its record output cuts, underpinning recovery in oil prices. The DFM General Index rose as much as 3.0%, trimming losses this year to 24%. Gauges in Saudi Arabia, Abu Dhabi, Kuwait and Oman gained between 0.2% and 1.6%. Major oil producers decided ...

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Canadian stocks post their best week in two months

Bloomberg Canadian stocks posted their best week in about two months, turbocharged by an unexpected rebound in the US and domestic labour market from the depths of the coronavirus shutdowns. The S&P/TSX Composite Index jumped 2.1% to close out the week 4.4% higher, its biggest gain since the week of April 10 as Canada added jobs 290,000 jobs in May, ...

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